Thursday, December 15, 2011

CRE Price Index Sees First Year-Over-Year Gain Since 2008

December 14, 2011
 
Summary: Commercial RE prices are up 2.2% since last October. First time prices are up year-over-year since 2008. 2012 will still be a bumpy ride.
 
Key Quotes:
CoStar’s monthly National Composite Index of commercial real estate prices increased 2.2% in October from the same period a year ago, the first year-over-year improvement since the economy took a sharp downward turn in 2008.
 
The year-over-year and monthly increases in October reflected long-awaited positive momentum in the composite index, which has now achieved a steady 1.3% average monthly growth rate over the six-month period between May and October 2011, according to this month's CoStar Commercial Repeat Sale Index (CCRSI),...
 
 
 

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